Vijay Mallya was “re-arrested” in money laundering case filed by ED

London : Former Indian politician and billionaire businessman Vijay Mallya, centre, arrives for his extradition hearing at Westminster Magistrates Court in London, Tuesday, June 13, 2017. Mallya was arrested in London in April on behalf of authorities in India, where he is wanted on charges of money laundering and bank demands that he pay back more than a billion dollars in loans extended to his now-defunct airline. AP/PTI Photo(AP6_13_2017_000168B)
Vastavam web: Embattled liquor baron Vijay Mallya was “re-arrested” today in a money laundering case filed by the Enforcement Directorate (ED) of India before being released on a 650,000 pounds bail by a court here.The 61-year-old flamboyant businessman, already out on bail on an extradition warrant executed by the Metropolitan Police earlier this year, was released on the same bail conditions as before to appear for his extradition hearing on December 4.The UK s Crown Prosecution Service (CPS), which is arguing the case against Mallya on behalf of the Indian authorities, told the court the new charges were “supplemental” to the earlier fraud charges against him.
The new case gives evidence of the destination of the allegedly fraudulently obtained funds, some of which they claim may have landed in the Formula One team – Force India.The UB Group chief has been on self-imposed exile in the UK since he left India on March 2, 2016.The CPS told the court that the money laundering charges had been filed in India on June 14 and submitted as an evidence affidavit for the extradition case in the UK at the end of September.
This resulted in the CPS technically re-filing its extradition request in court today, which has now “superseded” the previous ongoing case.The CPS defended the Indian authorities over the issue, saying the new charges are linked to the original case.However, Ben Watson, arguing on behalf of Mallya, sought the court’s direction to ensure “nothing further” would be presented from the Indian side.”We are very keen to keep the December hearing, something the government of India have pushed for. We can’t be served further evidence like this again…we are doing all we can to meet the timetable,” he said.
She then informed Mallya that he is freed on the “same bail conditions as before”, which he must abide by after the court clerk formally asked Mallya if he consented to be extradited to India on the charges and he responded with “no”.The conditions of his bail include providing a bail bond worth 650,000 pounds, assuring the court of abiding by all conditions associated with extradition proceedings, such as the surrender of his passport and a ban on him possessing any travel documents.
She is scheduled to preside over the hearing listed for two weeks starting December 4.If she rules in favour of extradition at the end of the trial, the UK home secretary must order Mallya s extradition within two months of the appropriate day.However, the case can go through a series of appeals before arriving at a conclusion.Sources in New Delhi said his arrest was pursuant to the extradition request made by the Indian government based on money laundering charges against Mallya.”The matter came up for hearing today. In pursuance of same Mallya has been arrested in pursuance of the fresh extradition request. He is already facing extradition proceedings in UK in a criminal case of CBI,” the ED said.The statement added that the agency has attached assets worth Rs 9,890 crore (market value), under the Prevention of Money Laundering Act (PMLA), till now in connection with this case.